6 Tax Secrets the IRS Doesn’t Want You to Know
The IRS knows that taxpayers research how to avoid paying taxes, so why would they make it easy? The power of the people resides in getting educated, and a financial advisor, Bountiful, UT based is ready to support you in your quest for knowledge. When thinking of the Internal Revenue Service, what comes to mind? […]
How to Avoid Paying Taxes with Charitable Giving
Through the act of giving, we receive. How wonderful that this also applies when tax season rolls around. It’s that time again, so learn to reap the benefits of your tax planning initiatives! Need help with tax-deductible charitable giving? Now is the perfect time with Advanced Retirement Strategies (ARS)! While gathering tax documents […]
Potential Tax Law Changes Could Be On the Horizon
The big questions: Did the Build Back Better Bill pass? The short answer: No – it has not: it remains very much in question. Americans are maintaining the status quo while patiently awaiting a reasonable tax reform. As of today, the extensive list of “Build Back Better” proposals were not passed as originally planned. The […]
IRA Aggregation Rule and Implications for Your Backdoor Roth Conversion
Unlike traditional IRAs or 401(k) accounts, the Roth IRA is funded with after-tax dollars and the investments in the vehicle grow completely tax free. Not only that, but since Roth IRA principal balances have already been taxed, they can be withdrawn tax-free at any time. Roth IRAs have certain limits. You can only contribute $6,000 […]
